The 13 EMA has Broken above the 5 EMA on the 15 Munute Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
We have 2 -27 fib completions that haven't reached just yet
We had a nice false break, the IC pushed the price up very strong. Since then we had 3 small corrective daily candles.
There is no real 'strong' daily zone that could push the price lower. Thats why im looking for an inv h&s
Before the big 4h...
There could be developping a longing opportunity on USDCZK back to 24.5. After an impuls we just created a retracement. After a retracement we can typically expect the market to continue its course and create a new impuls. We do need to wait untill all the rules of our strategy are checked, because this market could easily continue down. When we get confirmation...
Although it's a big wick with a bearish candle, i wouldn't be surprised if it got filled
Bullish M + inv h&s
Bullish M + double bottom
The daily adjusted zone hasn't been reached yet
The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has...